Top 10 Reasons to Hire a Buyer's Agent
Time to work smarter, not harder
Using a buyer’s agent when looking to purchase a home is one of the best things you can do for yourself, and it costs you nothing!
Since a buyer’s agent is looking out for a buyer’s best interest, they’ll help ensure the buyer gets the best deal possible.
Below are the top 10 reasons to hire a buyer’s agent when buying a house.
1. 99% of the time it’s free to hire a buyer’s agent: Although hiring a buyer’s agent is free, there are certain things you should expect from a real estate agent when buying a house. It’s also important to understand that your buyer’s agent has your best interest in mind and will work their hardest to get you the best deal possible. The seller’s agent is doing the same for their client.
2. A buyer’s agent knows what to look for: A successful buyer’s agent is physically looking at dozens of houses every week. An experienced buyer’s agent who looks at houses day in and day out will be able to identify potential problems within a house that you may not be aware of. Some examples being pest/insect issues, potential mold issues, roofing issues, leaks, and age(s) of major components (furnace, air conditioning unit, etc…)
3. A buyer’s agent understands the local real estate market: Every real estate market is different. Another great reason to hire a buyer’s agent is because they understand the intricacies of the local market. Hiring a real estate agent who doesn’t have an understanding of the local real estate market can cost you thousands of dollars should you make an offer that isn’t inline with local house values.
4. A buyer’s agent can help you navigate the financing process: One thing to expect when you hire a buyer’s agent is help with evaluating and securing the best financing for your circumstances. A buyer’s agent can help you navigate through the various financing options and help you decide which type of mortgage is best. In addition to helping you understand the various options, a buyer’s agent will be able to help you secure financing through a mortgage broker. It’s important to keep in mind as you’re securing financing that you strongly consider using a local mortgage company. Local mortgage companies understand what the process is for real estate transactions and also any local rules or regulations.
5. A buyer’s agent will coordinate property showings: Coordinating showings of potential properties can be confusing. A buyer’s agent can coordinate a large number of showings in several different areas at a variety of different times. If you’re buying a house and have interest in a dozen properties, a buyer’s agent is responsible for making sure that you have the opportunity to view all of them.
6. A buyer’s agent knows the ins and outs of real estate contracts: It is vital to have an experienced professional to guide you through the contract process. and there are several real estate contingencies to consider. There is a purchase offer, several deadlines that need to be set in a contract and writing a contract that not only presents you in the best possible way in the eyes of a seller but also protects you and your interests. A real estate contract that is poorly written or has missing or blank areas is a common reason why a purchase offer is rejected when buying a house.
7. A buyer’s agent will have access to experienced professionals needed: An experienced buyer’s agent will have several mortgage companies, inspection companies, law firms, and other services that they can recommend to you. It’s likely that the professionals a buyer’s agent recommends provide quality service and would also be looking out for your best interest during the purchase of a house. One of the best questions to ask when interviewing a buyer’s agent is whether they have a list of recommended service providers.
8. A buyer’s agent will do the negotiating for you: Depending on the house you’re attempting to purchase and the current state of your local real estate market, having a top notch real estate negotiator can be critical. Your buyer’s agent needs to complete a detailed comparative market analysis proving the house is overpriced or structure the contract dates to appeal to the seller. If you don’t hire a buyer’s agent, you’ll be required to do the negotiations by yourself.
9. A buyer’s agent will keep things on schedule: There are dozens of reasons why real estate closings are delayed and when you hire a buyer’s agent you’re improving the chances that your transaction will stay on schedule. A buyer’s agent is responsible for making sure that contract dates, such as a written mortgage commitment, are being met and will have a system in place that ensures these delays are avoided.
10. A buyer’s agent will be your emotional filter: Buying a house is very emotional and can potentially get the best of a buyer. Since a buyer’s agent isn’t emotionally attached to a specific property you may have interest in, they can help keep you from making an emotional and rash decision. Ultimately a buyer is the final decision maker, but a buyer’s agent can help a buyer weigh the PROs and CONs to potential properties while taking the emotion out of the decision.
We have 17+ years of experience helping our clients buy and sell their home. If you are interested in starting your search for the perfect home please reach out! We would love to meet you!